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Side-by-side financial comparison of ENNIS, INC. (EBF) and OneSpan Inc. (OSPN). Click either name above to swap in a different company.

ENNIS, INC. is the larger business by last-quarter revenue ($100.2M vs $65.9M, roughly 1.5× OneSpan Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs 10.8%, a 6.7% gap on every dollar of revenue. On growth, OneSpan Inc. posted the faster year-over-year revenue change (4.1% vs 0.4%). Over the past eight quarters, OneSpan Inc.'s revenue compounded faster (4.0% CAGR vs 1.4%).

ENNIS, INC. (ticker EBF) is a leading North American provider of printed business products and related services. Its offerings include custom business forms, pressure-sensitive labels, marketing collateral, promotional items, and branded packaging, serving clients across retail, healthcare, financial services, and small business segments.

OneSpan Inc. is an information security company based in Boston, Massachusetts. Services include an internet fraud prevention platform, multi-factor authentication tools and electronic signature software.

EBF vs OSPN — Head-to-Head

Bigger by revenue
EBF
EBF
1.5× larger
EBF
$100.2M
$65.9M
OSPN
Growing faster (revenue YoY)
OSPN
OSPN
+3.7% gap
OSPN
4.1%
0.4%
EBF
Higher net margin
OSPN
OSPN
6.7% more per $
OSPN
17.5%
10.8%
EBF
Faster 2-yr revenue CAGR
OSPN
OSPN
Annualised
OSPN
4.0%
1.4%
EBF

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
EBF
EBF
OSPN
OSPN
Revenue
$100.2M
$65.9M
Net Profit
$10.8M
$11.6M
Gross Margin
31.9%
73.6%
Operating Margin
15.0%
22.5%
Net Margin
10.8%
17.5%
Revenue YoY
0.4%
4.1%
Net Profit YoY
6.1%
EPS (diluted)
$0.42
$0.39

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EBF
EBF
OSPN
OSPN
Q1 26
$65.9M
Q4 25
$100.2M
$62.9M
Q3 25
$98.7M
$57.1M
Q2 25
$97.2M
$59.8M
Q1 25
$92.7M
$63.4M
Q4 24
$99.8M
$61.2M
Q3 24
$99.0M
$56.2M
Q2 24
$103.1M
$60.9M
Net Profit
EBF
EBF
OSPN
OSPN
Q1 26
$11.6M
Q4 25
$10.8M
$43.5M
Q3 25
$13.2M
$6.5M
Q2 25
$9.8M
$8.3M
Q1 25
$9.0M
$14.5M
Q4 24
$10.2M
$28.8M
Q3 24
$10.3M
$8.3M
Q2 24
$10.7M
$6.6M
Gross Margin
EBF
EBF
OSPN
OSPN
Q1 26
73.6%
Q4 25
31.9%
73.6%
Q3 25
30.5%
73.6%
Q2 25
31.1%
73.5%
Q1 25
29.5%
74.3%
Q4 24
29.3%
74.0%
Q3 24
30.1%
73.9%
Q2 24
30.0%
66.2%
Operating Margin
EBF
EBF
OSPN
OSPN
Q1 26
22.5%
Q4 25
15.0%
19.9%
Q3 25
12.5%
14.4%
Q2 25
13.7%
17.6%
Q1 25
13.0%
27.1%
Q4 24
13.1%
19.3%
Q3 24
13.3%
20.0%
Q2 24
13.3%
12.5%
Net Margin
EBF
EBF
OSPN
OSPN
Q1 26
17.5%
Q4 25
10.8%
69.2%
Q3 25
13.3%
11.4%
Q2 25
10.1%
13.9%
Q1 25
9.7%
22.9%
Q4 24
10.2%
47.1%
Q3 24
10.4%
14.7%
Q2 24
10.4%
10.8%
EPS (diluted)
EBF
EBF
OSPN
OSPN
Q1 26
$0.39
Q4 25
$0.42
$1.13
Q3 25
$0.51
$0.17
Q2 25
$0.38
$0.21
Q1 25
$0.34
$0.37
Q4 24
$0.39
$0.73
Q3 24
$0.40
$0.21
Q2 24
$0.41
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EBF
EBF
OSPN
OSPN
Cash + ST InvestmentsLiquidity on hand
$31.3M
$49.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$304.8M
$272.0M
Total Assets
$354.3M
$383.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EBF
EBF
OSPN
OSPN
Q1 26
$49.8M
Q4 25
$31.3M
$70.5M
Q3 25
$31.9M
$85.6M
Q2 25
$32.6M
$92.9M
Q1 25
$72.5M
$105.2M
Q4 24
$68.6M
$83.2M
Q3 24
$122.6M
$77.5M
Q2 24
$123.7M
$63.8M
Stockholders' Equity
EBF
EBF
OSPN
OSPN
Q1 26
$272.0M
Q4 25
$304.8M
$271.8M
Q3 25
$305.4M
$238.3M
Q2 25
$301.2M
$242.5M
Q1 25
$302.0M
$231.1M
Q4 24
$297.7M
$212.5M
Q3 24
$358.4M
$194.6M
Q2 24
$354.4M
$178.6M
Total Assets
EBF
EBF
OSPN
OSPN
Q1 26
$383.1M
Q4 25
$354.3M
$397.7M
Q3 25
$361.8M
$343.5M
Q2 25
$361.7M
$357.1M
Q1 25
$348.9M
$333.8M
Q4 24
$346.1M
$338.7M
Q3 24
$406.8M
$289.3M
Q2 24
$406.2M
$286.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EBF
EBF
OSPN
OSPN
Operating Cash FlowLast quarter
$16.4M
$28.2M
Free Cash FlowOCF − Capex
$15.7M
FCF MarginFCF / Revenue
15.7%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
1.52×
2.44×
TTM Free Cash FlowTrailing 4 quarters
$42.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EBF
EBF
OSPN
OSPN
Q1 26
$28.2M
Q4 25
$16.4M
$12.6M
Q3 25
$10.5M
$11.3M
Q2 25
$8.0M
$6.2M
Q1 25
$12.8M
$29.4M
Q4 24
$18.2M
$12.4M
Q3 24
$11.8M
$14.0M
Q2 24
$23.1M
$2.3M
Free Cash Flow
EBF
EBF
OSPN
OSPN
Q1 26
Q4 25
$15.7M
$9.6M
Q3 25
$9.0M
$8.8M
Q2 25
$6.6M
$4.4M
Q1 25
$11.1M
$27.7M
Q4 24
$17.5M
$10.5M
Q3 24
$10.7M
$12.0M
Q2 24
$20.6M
$26.0K
FCF Margin
EBF
EBF
OSPN
OSPN
Q1 26
Q4 25
15.7%
15.3%
Q3 25
9.2%
15.4%
Q2 25
6.8%
7.3%
Q1 25
12.0%
43.8%
Q4 24
17.6%
17.1%
Q3 24
10.8%
21.4%
Q2 24
20.0%
0.0%
Capex Intensity
EBF
EBF
OSPN
OSPN
Q1 26
Q4 25
0.7%
4.7%
Q3 25
1.4%
4.4%
Q2 25
1.4%
3.1%
Q1 25
1.8%
2.6%
Q4 24
0.6%
3.2%
Q3 24
1.1%
3.5%
Q2 24
2.4%
3.7%
Cash Conversion
EBF
EBF
OSPN
OSPN
Q1 26
2.44×
Q4 25
1.52×
0.29×
Q3 25
0.80×
1.74×
Q2 25
0.81×
0.75×
Q1 25
1.41×
2.02×
Q4 24
1.78×
0.43×
Q3 24
1.15×
1.69×
Q2 24
2.16×
0.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EBF
EBF

Segment breakdown not available.

OSPN
OSPN

Product and license$35.5M54%
Services and other$30.4M46%

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